Anna Glypta Posted October 17, 2013 Share Posted October 17, 2013 Ed has announced that Labour would impose a tax levy on pay day lenders. At first this sounded like a good plan until I asked myself a simple question. If the government took £1 billion from payday lenders where would that £1 billion come from. Ah yes. Those poor sods who need to borrow a tenner to make it through to the end of the week. Nice one Ed. Link to comment Share on other sites More sharing options...
Barney906 Posted October 17, 2013 Share Posted October 17, 2013 They should be slapped with a 99 percent tax. If they can charge outrageous thousands of percent in interest - which they do -- then they should be paying similarly outrageous taxes on all of it. I'm actually amazed the UK allows these companies even to exist. They simply don't exist in most other countries, including some of the third world countries I've lived in. Link to comment Share on other sites More sharing options...
Zamo Posted October 17, 2013 Share Posted October 17, 2013 That's dispicable behaviour... where's my cut? Link to comment Share on other sites More sharing options...
kidneystone Posted October 17, 2013 Share Posted October 17, 2013 I blame Thatcher Link to comment Share on other sites More sharing options...
Mister M Posted October 17, 2013 Share Posted October 17, 2013 They should be slapped with a 99 percent tax. If they can charge outrageous thousands of percent in interest - which they do -- then they should be paying similarly outrageous taxes on all of it. I'm actually amazed the UK allows these companies even to exist. They simply don't exist in most other countries, including some of the third world countries I've lived in. Well said Barney, I agree with you. Link to comment Share on other sites More sharing options...
barleycorn Posted October 17, 2013 Share Posted October 17, 2013 I blame Thatcher I blame Hilter. jb Link to comment Share on other sites More sharing options...
GLASGOWOODS Posted October 17, 2013 Share Posted October 17, 2013 I blame Thatcher Kidneystone.. Is that you in your Avatar getting refused for a payday loan? Link to comment Share on other sites More sharing options...
willman Posted October 17, 2013 Share Posted October 17, 2013 I blame Thatcher I blame peoples inability budget. No demand = no service. I wouldn't lend half of the people who use these services any money unless i had some major recompense for the risk. Myself included. Link to comment Share on other sites More sharing options...
kidneystone Posted October 17, 2013 Share Posted October 17, 2013 Kidneystone.. Is that you in your Avatar getting refused for a payday loan? nice one:wave: Link to comment Share on other sites More sharing options...
Uptowngirl Posted October 17, 2013 Share Posted October 17, 2013 I blame peoples inability budget. No demand = no service. I wouldn't lend half of the people who use these services any money unless i had some major recompense for the risk. Myself included. If you increase the VAT and other taxes on petrol doesn't the price go up? Link to comment Share on other sites More sharing options...
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